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BRAIT SE - Finalisation announcement

Release Date: 31/03/2015 16:30
Code(s): BAT     PDF:  
Wrap Text
Finalisation announcement

Brait SE
(Registered in Malta as a European Company)
(Registration No.SE1)
Share code: BAT ISIN: LU0011857645
Share Code: BATP ISIN: MT0000680208
("Brait" or "the Company")

FINALISATION ANNOUNCEMENT

Further to the Extraordinary General Meeting results
announcement released on the website of the Luxembourg
Stock Exchange and on the Stock Exchange News Service of
the JSE Limited on 27 January 2015, Brait shareholders
are advised that all conditions precedent to the disposal
of Brait's effective 37.06% interest in Pepkor Holdings
Proprietary Limited to Steinhoff International Holdings
Limited ("Steinhoff") have been fulfilled. The effective
date of the transaction was Monday, 30 March 2015.

Brait received a total disposal consideration comprising
of 200 million Steinhoff ordinary shares and R15,086
million in cash (which includes the purchase price
escalation calculated from 1 March 2015).

For and on behalf of the Company’s Board of Directors
PJ Moleketi
Non-Executive Chairman

Malta
31 March 2015

The Company's primary listing is on the Euro MTF market
of the Luxembourg Stock Exchange and its secondary
listing is on the Johannesburg Stock Exchange.

Financial adviser and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Legal advisers
M Partners S.à r.l. (Europe)
Webber Wentzel (South Africa)

Date: 31/03/2015 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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